Ballot Measure 1
Join our coalition to ensure jobs, a strong economy and to secure Alaska's future.
Our coalition is a diverse, statewide group of Alaskans who believe that Alaska’s best days are still ahead. We believe that a strong economic future for Alaska depends on a thriving oil sector, for job creation, expanding oil production, and a stable fiscal future for Alaska. Our coalition is built upon a common interest in securing Alaska’s future through a strong economy.
Unfortunately, oil production has declined steadily in Alaska. Last year, the Alaska Legislature enacted new oil tax reform in an effort to stem the decline, and put the state on a stronger footing for the future. That means jobs for future generations of Alaskans, as well as an economy that can depend on a thriving energy sector.
For more than 50 years, the oil industry has been the life-blood of the Alaskan economy. Today, the oil industry accounts for a third of all Alaska jobs and nearly 90 percent of all state tax revenue. Tax reform will support a bright, prosperous future for generations to come. Since the passage of tax reform, Alaska has already seen a response to a better investment climate. Oil companies have announced billions of dollars in new investments that will increase oil production in Alaska by tens of thousands of barrels per day. In a phrase, it’s already working. This investment in our state’s future will help increase oil production while growing Alaska’s economy. Oil tax reform will also lead to new jobs in large and small companies as employers feel secure about the future and invest in Alaska. For each new oil industry job, nine additional jobs are generated in the Alaskan economy, according to the McDowell Group Economic Impact Report.
It’s no secret that under the old tax system, oil production in Alaska was slipping – as the state fell from 2nd to 4th in annual oil production, behind California. While other oil-producing states saw a boom in investment during high oil prices, Alaska did not. Production dipped, jobs were lost and opportunities were missed. And now, after tax reform was passed to help improve Alaska’s economy, the state risks missing the many opportunities that the future holds because the referendum would return to a failed tax policy. Tax reform is the Smart Choice for Alaska’s future. That's why on August 19th, we need to vote no on Ballot Measure 1.
Our coalition, which is co-chaired by Bob Berto of Ketchikan, Rick Boyles of Anchorage, Leslie Wien Hajdukovich of Fairbanks, Linda Leary of Anchorage and Rick Mystrom of Anchorage, consists of Alaskans from across the state representing various business interests, organized labor and other community leaders. Our effort is growing every day - so, please join with us to help usher in a new golden era of oil production for Alaska.